Profitable Intraday Trading Strategy: Engulfing Pattern + RSI + EMA
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- Опубліковано 28 чер 2024
- In today's video, I tried to show you an intraday strategy that you can use while trading small timeframes. I hope you will enjoy it #rsi #engulfingpattern #ema #daytradingstrategy
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Great video. One possible improvement might be to avoid long positions if the rsi goes over 80; or short positions if rsi goes below 20. I would also be interested to see if 70/30 would make much of a difference compared to 80/20 when avoiding over bought and oversold spots.
Thanks a million for your invaluable content.. it is amazing
Thank you for sharing. Always waiting for your new videos with amazing strategies.
Glad you like them!
Great video.. thank you very much Sir🙏
Thanks a lot for your video, I am looking how to trade CFDs
Very informative ,
Thank you very much , thumbs up 👍 👍👍
And subscribed
Welcome! Thanks for the sub!
I have a question about butterfly spreads and volatility trades. Would love to hear back from you. Thanks.
Missed your trading strategy videos 💖
More to come!
Isnt good to look fór engulfing candle maybe on bullish after minimum 3red candles ? And in bearish after minimum 3 Green candles ? Ofc with 200ema conditions .
Thanks for sharing this video.Very much informative. Even though i selected like you said, I couldn't able to see the bearish or bulling long bars like you shown in the video. It doesn't appear for me. Is these engulfing indicators are free in trading view or paid one?
Yes, they are free but you can also find them yourself
Thank you very much
What percentage of risk do you think we should consider for each scalp?
You're welcome. Well if you are new to trading not more than 1% and not more than 2.5% if you are experienced
Kindly make a video on trading view screener... How to choose a coin to trade in 5m timeframe
Will do! But you may find answer to your question in this video also :)
Thank you Sir.
What is the use of applying candlestick pattern indicator when we r not using it?
You're welcome! Well we use patterns in this strategy.
Thanks for this great video. You believe that the use of RSI is as a trending zone, bullish over 50, bearish under 50. Not just as overbought and oversold area?
You're welcome. Yes, it can be used depending on situation
Thank you very much! I'll backtest it and share the results! What winning ratio approximately should I expect with a 2:1 R/R?
Glad you like it! You should expect around %40 with 2:1 R/R
Hey!! Have you back tested the strategy ? If yes, can you pls share the results. Thank you.
If not shown, likely because channel owner didn’t like the results? ;)
Can i use 30minutes time frame? Or 1 hour is must for this strategy?
can you tell me please which trading platform you use?
For TA, I use tradingview. I use different brokers depending on the instrument I trade
I have same trading platfom like you but I miss a lot of buttons there you showing. :/
Do a more and more videos about intraday trading
Thanks! I try to do, but I have been super busy recently.
@@TradingJournal1 thanks for u'r your efforts towards educating us by doing such a extraordinary content videos.. thanks a lot
Can you do a trading strategy on options.
I don't trade options that much, so I don't consider myself experienced. But usually, the strategies I share, work on most of the markets!
Can you make algo for above strategy
It is possible in theory, but I am not an expert on algo trading :)
200 period is the same thing as 200 day right? If so, isn't 200 days way too long for intraday trading?
200days if u r using 1day timeframe
Its not 200 day, its 200 candle 😅
Hi good evening my friend
Morning
How to download the engulfing indicator
It is already inside the tradingview platform
I m using this pattern with support of MACD histogram but getting low accuracy how to increase accuracy please replay me🙏
Try using RSI instead of MACD
@@TradingJournal1 🙏
What is application?
Tradingview
Hi good evening my friend yes video today see share me now Thank you God bless protect All 💞💞💞 🙏🙏🙏
I didn't understand what you want really but I am glad you are hapy
When trading with fractals, should trader flip charts, 15M, 1H,4H,D1, all at once & see where support & resistance IS as shown by fractals on each frame--and if if it fits close to top/bottom of daily ADR, take that trade. Now 15M fractal level may not be robust(strength wise) enough--but 1H fractal is because to form 1H fractal, market could not penetrate THAT LEVEL IN 5 CANDLES WHICH IS 5 HOURS--and that is lot of data(strength).AND fractal on 1H chart is not just one man talking but line (support/resistance) drawn by millions of traders in those 5 hours. Just act on 1H fractal--and trade be in the direction of 4H/daily trend. I seek your wisdom ?
You can’t make so much money’s with this strategy, because the price does not increase that much, can anybody please explain me how much moneys the target is,
if you use this strategy, is it just some few dollars?
Depends on the leverage you use! N one can tell you the profit margin without knowing your portfolio
What was the win rate?
Around %40
can I use on daily chart?
Yes but only after you backtest it
@@TradingJournal1 Thank you Sir
Win rate ?
Around %40
1year ago this wasn’t a bull market lol
i did some back test , not a good one .......
What was the R:R and how was the winning ratio?
@@TradingJournal1 More fake confirmation and also winning ratio is very less....
Contradicting Strategy…Does Not Work 👎👎
How are your backtest results?